September 30, 2011

NIFTY Analysis

  • Nifty is in the middle of the range with both bullish and bearish possibilities.
  • Price closing above 50 Day Moving average will favor bulls.
  • Falling below 4900 will be negative for bulls.
  • Bullish engulfing and closing above 5 day high ema Needs follow up buying as nifty is in the middle of the range.
  • GOLD SUPPORT AND RESISTANCE LEVELS
By at

2 comments:

  1. UnknownSeptember 30, 2011 at 11:39 AM

    hi san
    silver 4h chart...
    u see any triangle?

    ReplyDelete
  2. SanSeptember 30, 2011 at 6:08 PM

    @jigs
    Sorry i was busy today so could not reply on time.

    Both silver and gold is in a sideways consolidation after the big moves. So i feel it is time for some whipsaw trades until the small range gets broken.

    ReplyDelete

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